Why One Liberty Properties Is A Company You Should Know About
By Dane Bowler:For a company that reported steady results closely resembling those of the year prior, One Liberty Properties (OLP) has had some massive price fluctuation. From low to high this year, its price has changed over 17% and fluctuations of nearly this magnitude occurred multiple times.
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While REITs as a whole this year (based on RMZ) have also fluctuated a fair amount (just over 13% from low to high) the changes were smoother and less sudden. What caused such drastic price behavior for OLP, and why is this useful to know?
An unstable global economy has created erratic behavior throughout the market, but the effect is amplified on OLP and other small market capitalization issues. With larger companies, strong institutional following keeps the prices somewhat normalized, but with a market capitalization of only $263mm there is less volume and fewer traders to buffer irrational sell-offs. Since thereComplete Story »